Mexico House Debates Boosting Employer Fees to Social Security

Mexico’s lower house will vote “very soon” on a bill to change the social security system, lawmaker Manlio Fabio Beltrones said, probably increasing costs for businesses.

Inconsistencies in the current system have “harmed” funding for the Mexican Social Security Institute, Beltrones of the ruling Institutional Revolutionary Party said yesterday in Mexico City.

“There are companies that declare one thing to the tax authorities and another to social security and social security has ended up losing out for many years,” Beltrones told reporters, according to a transcript e-mailed by the lower house’s press office.